6906 67th St · Lubbock, TX 79424

$217,000

3 bd · 2.0 ba · 1,578 sqft · Townhouse public records · 3 Days on market

Built 2017 5,618 sqft lot

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Why this score? — see what drove the D- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +10.7/30.0
• ARV discount +7.5/15.0
• Schools +4.4/10.0
• Livability +4.0/5.0
• 1% rule +3.6/10.0
• Rent growth +3.2/5.0
• DSCR +3.1/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to easy living in this beautifully designed three bedroom two bath townhome. With an open concept layout and generous natural light, this home offers both comfort and functionality. Located in a quiet, established area with quick access to major thoroughfares, it's ideal for anyone seeking a low-maintenance lifestyle without sacrificing space. Whether you're downsizing, buying your first investment property, or just looking for a peaceful place to call home, this location provides excellent value close to shopping, healthcare, and top schools.

Key facts

• 2 garage spots
• Built 2017
• Listed 3 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath townhouse listed at $217k.

Deal economics

• At list price, monthly cash flow is $-104 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $199k (8.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $186k (14.2% below list).
• Recommended offer: $186k (14.2% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 80/100 on livability (#37 in TX, #1,749 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: employment C-, schools D+, crime F.
• Frenship ISD (urban): math 47% / reading 54% proficiency, ranked #162 of 826 in TX (top 20%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+2.8%/yr); 705 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 2,219 units permitted in Lubbock County in 2024 (252 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Lubbock County population projected at +39% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 3y ago; this cycle's ask has dropped $18k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $186,268 (14.2% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.86% ✗
• Cap rate: 5.72%
• Cash-on-cash: -2.06%
• DSCR: 0.91
• GRM: 9.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.75% rent growth · sell at horizon

5-year hold

• IRR: -20.0%
• Equity multiple: 0.31×
• Total profit: $-42,202
• Equity at exit: $32,355

10-year hold

• IRR: -13.4%
• Equity multiple: 0.23×
• Total profit: $-46,910
• Equity at exit: $18,762

Cash invested: $60,760 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Texas: 87 Strongly Landlord-Friendly · R+5
• County: — inherits STATE
• City: — inherits STATE

3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.

Methodology + full state rankings →

ZIP-level market 79424

• Rents YoY: 2.8%
• Active inventory: 705
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $1,863 high
• Mortgage (P&I): −$1,138
• Tax from tax record: −$347 /mo · $4,170/yr
• Insurance: −$90
• HOA: −$0
• Vacancy / Maint / Mgmt: −$391
• Net cashflow: $-104

Break-even live

Break-even rent $1,995

Max offer price $198,567

Occupancy floor —

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $54,250
• Closing costs: $6,510
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6140 71st St Lubbock, TX	3.0	2.5	1350	$1,550	$1.15	13d	1	0.60mi
6003 Venita Ave Lubbock, TX	4.0	2.0	1600	$1,800	$1.12	43d	1	0.92mi
5865 Virginia Ave Lubbock, TX	3.0	2.0	1500	$1,749	$1.17	43d	1	1.00mi
5014 Quincy Ave Lubbock, TX	4.0	3.0	2223	$2,800	$1.26	21d	1	1.07mi
6550 85th St Lubbock, TX	3.0	2.0	1711	$1,700	$0.99	21d	1	1.07mi
5805 Virginia Ave Lubbock, TX	3.0	2.0	1377	$1,800	$1.31	43d	1	1.09mi
6024 74th St Lubbock, TX	4.0	2.0	1997	$1,999	$1.00	43d	1	1.11mi
6706 Grover Ave Lubbock, TX	2.0	2.0	1104	$1,050	$0.95	21d	1	1.22mi
6717 89th St Lubbock, TX	3.0	2.0	1991	$1,725	$0.87	21d	1	1.31mi
6553 89th St Lubbock, TX	3.0	2.0	1564	$1,575	$1.01	21d	1	1.32mi
6906 90th St Lubbock, TX	4.0	2.0	2044	$2,695	$1.32	13d	1	1.36mi
6904 Freeport Ave Lubbock, TX	3.0	2.0	1820	$2,150	$1.18	43d	1	1.41mi
9104 Quincy Ave Lubbock, TX	3.0	2.0	1562	$1,750	$1.12	21d	1	1.48mi
9106 Quincy Ave Lubbock, TX	3.0	2.0	1593	$1,750	$1.10	13d	1	1.49mi

Listing history 27 events

1. 2026-06-18
   days on market $217,000 Active 3 DOM
2. 2026-06-17
   days on market $217,000 Active 2 DOM
3. 2026-06-15
   remarks 571-char remark
4. 2026-06-15
   pricedays on marketlisting id $217,000 Active 1 DOM
5. 2026-06-15
   days on market $225,000 Active 341 DOM
6. 2026-06-13
   days on market $225,000 Active 338 DOM
7. 2026-06-10
   days on market $225,000 Active 336 DOM
8. 2026-06-09
   days on market $225,000 Active 335 DOM
9. 2026-06-08
   days on market $225,000 Active 334 DOM
10. 2026-06-07
    days on market $225,000 Active 333 DOM
11. 2026-06-05
    days on market $225,000 Active 330 DOM
12. 2026-06-03
    days on market $225,000 Active 329 DOM
13. 2026-06-02
    days on market $225,000 Active 328 DOM
14. 2026-06-01
    days on market $225,000 Active 327 DOM
15. 2026-05-31
    days on market $225,000 Active 326 DOM
16. 2026-05-30
    days on market $225,000 Active 325 DOM
17. 2026-04-01
    status Active 557-char remark

    Show marketing remark (557 chars)

    Welcome to easy living in this beautifully designed three bedroom two bath townhome. With an open concept layout and generous natural light, this home offers both comfort and functionality. Located in a quiet, established area with quick access to major thoroughfares, it's ideal for anyone seeking a low-maintenance lifestyle without sacrificing space. Whether you're downsizing, buying your first investment property, or just looking for a peaceful place to call home, this location provides excellent value close to shopping, healthcare, and top schools.

18. 2026-04-01
    historical 557-char remark

    Show marketing remark (557 chars)

    Welcome to easy living in this beautifully designed three bedroom two bath townhome. With an open concept layout and generous natural light, this home offers both comfort and functionality. Located in a quiet, established area with quick access to major thoroughfares, it's ideal for anyone seeking a low-maintenance lifestyle without sacrificing space. Whether you're downsizing, buying your first investment property, or just looking for a peaceful place to call home, this location provides excellent value close to shopping, healthcare, and top schools.

19. 2026-03-10
    status Active 557-char remark

    Show marketing remark (557 chars)

    Welcome to easy living in this beautifully designed three bedroom two bath townhome. With an open concept layout and generous natural light, this home offers both comfort and functionality. Located in a quiet, established area with quick access to major thoroughfares, it's ideal for anyone seeking a low-maintenance lifestyle without sacrificing space. Whether you're downsizing, buying your first investment property, or just looking for a peaceful place to call home, this location provides excellent value close to shopping, healthcare, and top schools.

20. 2026-03-03
    historical Active Under Contract 557-char remark

    Show marketing remark (557 chars)

    Welcome to easy living in this beautifully designed three bedroom two bath townhome. With an open concept layout and generous natural light, this home offers both comfort and functionality. Located in a quiet, established area with quick access to major thoroughfares, it's ideal for anyone seeking a low-maintenance lifestyle without sacrificing space. Whether you're downsizing, buying your first investment property, or just looking for a peaceful place to call home, this location provides excellent value close to shopping, healthcare, and top schools.

21. 2026-03-01
    historical 557-char remark

    Show marketing remark (557 chars)

    Welcome to easy living in this beautifully designed three bedroom two bath townhome. With an open concept layout and generous natural light, this home offers both comfort and functionality. Located in a quiet, established area with quick access to major thoroughfares, it's ideal for anyone seeking a low-maintenance lifestyle without sacrificing space. Whether you're downsizing, buying your first investment property, or just looking for a peaceful place to call home, this location provides excellent value close to shopping, healthcare, and top schools.

22. 2026-02-20
    historical Active Under Contract 557-char remark

    Show marketing remark (557 chars)

    Welcome to easy living in this beautifully designed three bedroom two bath townhome. With an open concept layout and generous natural light, this home offers both comfort and functionality. Located in a quiet, established area with quick access to major thoroughfares, it's ideal for anyone seeking a low-maintenance lifestyle without sacrificing space. Whether you're downsizing, buying your first investment property, or just looking for a peaceful place to call home, this location provides excellent value close to shopping, healthcare, and top schools.

23. 2025-10-07
    price $225,000 557-char remark

    Show marketing remark (557 chars)

    Welcome to easy living in this beautifully designed three bedroom two bath townhome. With an open concept layout and generous natural light, this home offers both comfort and functionality. Located in a quiet, established area with quick access to major thoroughfares, it's ideal for anyone seeking a low-maintenance lifestyle without sacrificing space. Whether you're downsizing, buying your first investment property, or just looking for a peaceful place to call home, this location provides excellent value close to shopping, healthcare, and top schools.

24. 2025-07-07
    listed $235,000 Active 557-char remark

    Show marketing remark (557 chars)

    Welcome to easy living in this beautifully designed three bedroom two bath townhome. With an open concept layout and generous natural light, this home offers both comfort and functionality. Located in a quiet, established area with quick access to major thoroughfares, it's ideal for anyone seeking a low-maintenance lifestyle without sacrificing space. Whether you're downsizing, buying your first investment property, or just looking for a peaceful place to call home, this location provides excellent value close to shopping, healthcare, and top schools.

25. 2024-02-27
    historical $1,500
26. 2023-09-22
    listed $1,500
27. 2018-10-30
    soldstatus

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast TX · Resets to sale price

• Current annual tax: $4,170 · $347/mo
• Projected year-2 tax: $4,170 · $347/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥99°F today · 21 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,352
• − Mortgage interest: −$12,155
• − Property taxes: −$4,170
• − Insurance: −$1,085
• − Repairs & maintenance: −$1,788
• − Management: −$1,788
• − Depreciation: −$6,313
• Taxable loss: −$4,947
• Est. tax savings @ 24.0%: +$1,187
• After-tax cash flow: $-65/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Frenship ISD
• NCES district ID: 4819830
• Math proficiency: 47% ▼ -8.00%
• Reading proficiency: 54% ▬ 0.00%
• Median HH income: $54,376
• Composite: 43.59/100
• National rank: #2976
• State rank: #162 of 826 in TX

Livability — Lubbock

• Score: 80/100
• State rank: #37
• US rank: #1749

Category grades

Amenities A Commute A+ Cost of living A+ Crime F Employment C- Housing A+ Health & safety A+ User ratings D+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lubbock, TX
• County: Lubbock County · 293,542 people
• City population: 283,030
• Metro: Lubbock, TX
• Population (ZIP): 53,478
• Household income: $97,231
• Rent vs Own: 31.0% rent · 69.0% own
• Severe rent burden: 1958.0

Population outlook (Lubbock County) Hauer SSP2

• Today (2025): 345,960 people
• By 2030: 371,449 · +7.4%
• By 2040: 424,539 · +22.7%
• By 2050: 481,150 · +39.1%
• By 2075: 633,467 · +83.1%
• By 2100: 746,853 · +115.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (71%)
• Race & ethnicity: White 71% Hispanic / Latino 21% Two or more races 12% Asian 3% Black 2%
• Hispanic origin (detail): Mexican 17%
• Common ancestry: Slovak 2% Italian 2% Lithuanian 1%
• Foreign-born: 6% · Canada, China
• Languages at home: 88% English-only · Spanish 8% Chinese 1% Tagalog/Filipino 1%

Political lean MEDSL · Lubbock

• 2024 margin: Solid R (+39.5) · D 29.7% · R 69.2% · Other 1.0%
• 2008→2024 swing: -2.8pp toward R · 2008: -36.7pp · 2024: -39.5pp
• All cycles: 2024: R+39.5 2020: R+32.2 2016: R+38.4 2012: R+40.9 2008: R+36.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -146.64%
• Current HPI: 213.2155
• Rent YoY: ▲ 2.75%
• Metro: Lubbock, TX
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

Industry mix (Fortune 500 HQ in TX)

Industry	F500 HQs	Revenue
▸Energy	16	$1,198B
▸Technology	5	$198B
▸Engineering / Construction	4	$72B
▸Energy Services	3	$60B
▸Utilities	3	$41B
▸Healthcare	2	$330B

Price history

+14900.0% since first listed

11 events — show timeline

• 2026-04-01 Relisted — LARMLS
• 2026-04-01 Delisted — LARMLS
• 2026-03-10 Relisted — LARMLS
• 2026-03-03 Contingent — LARMLS
• 2026-03-01 Delisted — LARMLS
• 2026-02-20 Contingent — LARMLS
• 2025-10-07 Price Changed $225,000 LARMLS
• 2025-07-07 Listed $235,000 LARMLS
• 2024-02-27 Rental Removed $1,500 LARMLS
• 2023-09-22 Listed for Rent $1,500 LARMLS
• 2018-10-30 Sold (Public Records) — Public Records

Property tax history

+13.6%/yr

Latest (2025): $4,170 · -5.7% YoY. Source: county tax records.